_retailers-to-slash-prices-to-combat-inflation39s-squeeze-on-consumer-spending.jpg "Retailers to Slash Prices to Combat Inflation's Squeeze on Consumer Spending from february 2014 Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:43
👁 View: 6.1M times
✓ Published: 07-May-2024
👁 View: 6.1M times
✓ Published: 07-May-2024
Description:
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_uk-weather-february-2014.webp "Met Office - UK Weather")
_alkaline-move-mountains-things-mi-love-pt-2-124-explicit-124-february-2014.webp "StreetfrassMusic")
⏲ 3 minutes 55 seconds 👁 9.8M
_blackpool-defender-provides-update-on-road-to-recovery.webp "Blackpool wing-back Andy Lyons today has provided an update on his recovery from the ACL injury he picked up at the end of February. <br/><br/>He discussed how the last few months have been and reflected on what’s been a tough season for him.")
_alkaline-move-mountains-things-mi-love-again-february-2014.webp "Alkaline Music")
_uk-weather-february-2014.jpg)
_alkaline-move-mountains-things-mi-love-pt-2-124-explicit-124-february-2014.jpg)
_blackpool-defender-provides-update-on-road-to-recovery.jpg)
_alkaline-move-mountains-things-mi-love-again-february-2014.jpg)
![[+]](/images/menu.gif){kind=small}